[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f24ekwi3jm4iin":3,"$ffeh0925h8cuz":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":35,"next":41},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":33,"updatedAt":34},600,"saving-to-buy-a-home-do-you-know-the-difference-between-cost-price","Saving to Buy a Home? Do You Know the Difference Between Cost & Price?","As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F01161305\u002F20160711-Share-STM.jpg","As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.\u003C!--more-->\r\n\r\nMany economists have pointed to Brexit (Britain’s exit from the European Union) as a reason that interest rates will remain low for the next few months. But \u003Cem>Trulia’s Chief Economist\u003C\u002Fem> Ralph McLaughlin warns that this will not always be the case in a \u003Ca href=\"http:\u002F\u002Fwww.trulia.com\u002Fblog\u002Ftrends\u002Fbrexit-ushousing\u002F#sthash.w7vIsrmL.dpuf\">recent post\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“While the departure of the UK from the European Union has driven down the 10-year bond, and thus mortgage rates, we expect them to rebound later in the year as uncertainty over the economic consequences of the departure lifts.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe \u003Cem>Mortgage Bankers Association (MBA)\u003C\u002Fem>, the \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> and \u003Cem>Freddie Mac\u003C\u002Fem> all project that mortgage interest rates will increase by \u003Cstrong>close to a full percentage point over the next twelve months.\u003C\u002Fstrong>\r\n\r\nAccording to \u003Cem>CoreLogic’s\u003C\u002Fem> most recent \u003Ca href=\"http:\u002F\u002Fwww.corelogic.com\u002Fabout-us\u002Fresearchtrends\u002Fcorelogic-home-price-insights.aspx\">\u003Cem>Home Price Index Report\u003C\u002Fem>\u003C\u002Fa>, home prices will appreciate by 5.3% over the next 12 months.\r\n\u003Ch4>\u003Cstrong>What Does This Mean as a Buyer?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nHere is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.3% predicted by \u003Cem>CoreLogic\u003C\u002Fem> \u003Cstrong>over the next twelve months:\u003C\u002Fstrong>\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F20160711-STM-ENG.jpg\">\u003Cimg class=\"alignnone wp-image-33774\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F20160711-STM-ENG.jpg\" alt=\"Saving to Buy a Home? Do You Know the Difference Between Cost & Price? | Simplifying The Market\" width=\"650\" height=\"358\" \u002F>\u003C\u002Fa>","As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.\u003C!--more-->\r\n\r\nMany economists have pointed to Brexit (Britain’s exit from the European Union) as a reason that interest rates will remain low for the next few months. But \u003Cem>Trulia’s Chief Economist\u003C\u002Fem> Ralph McLaughlin warns that this will not always be the case in a \u003Ca href=\"http:\u002F\u002Fwww.trulia.com\u002Fblog\u002Ftrends\u002Fbrexit-ushousing\u002F#sthash.w7vIsrmL.dpuf\">recent post\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“While the departure of the UK from the European Union has driven down the 10-year bond, and thus mortgage rates, we expect them to rebound later in the year as uncertainty over the economic consequences of the departure lifts.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe \u003Cem>Mortgage Bankers Association (MBA)\u003C\u002Fem>, the \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> and \u003Cem>Freddie Mac\u003C\u002Fem> all project that mortgage interest rates will increase by \u003Cstrong>close to a full percentage point over the next twelve months.\u003C\u002Fstrong>\r\n\r\nAccording to \u003Cem>CoreLogic’s\u003C\u002Fem> most recent \u003Ca href=\"http:\u002F\u002Fwww.corelogic.com\u002Fabout-us\u002Fresearchtrends\u002Fcorelogic-home-price-insights.aspx\">\u003Cem>Home Price Index Report\u003C\u002Fem>\u003C\u002Fa>, home prices will appreciate by 5.3% over the next 12 months.\r\n\u003Ch4>\u003Cstrong>What Does This Mean as a Buyer?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nHere is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.3% predicted by \u003Cem>CoreLogic\u003C\u002Fem> \u003Cstrong>over the next twelve months:\u003C\u002Fstrong>\r\n\r\n\u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F20160711-STM-ENG.jpg\">\u003Cimg class=\"alignnone wp-image-33774\" src=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F20160711-STM-ENG.jpg\" alt=\"Saving to Buy a Home? Do You Know the Difference Between Cost & Price? | Simplifying The Market\" width=\"650\" height=\"358\" \u002F>\u003C\u002Fa>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F20160711-STM-ENG.jpg",false,[17,21,25,29],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2016-07-11T10:00:20Z","2016-07-08T15:15:04Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},599,"saving-to-buy-a-home-what-would-you-sacrifice-infographic","Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]","https:\u002F\u002F\u002F","2016-07-08T10:00:46Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},601,"homeownership-builds-wealth-offers-stability","Homeownership Builds Wealth & Offers Stability","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F07\u002F01161257\u002F20160712-Wealth-Stability-STM.jpg","2016-07-12T10:00:51Z",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[52,56,57,61,65,69,70,71,75,79,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":58,"name":59,"slug":60},6,"For Sellers","sellers",{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":26,"name":27,"slug":28},{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":89,"name":90,"slug":91},45,"New Construction","new-construction",{"id":93,"name":94,"slug":95},52,"Luxury \u002F Vacation","luxury--vacation",{"id":97,"name":98,"slug":99},53,"Rent vs. Buy","rent-vs-buy",{"id":101,"name":102,"slug":103},80,"Time-sensitive","time-sensitive",{"id":105,"name":106,"slug":107},81,"Outdated","outdated",{"id":109,"name":110,"slug":111},147,"Internal","internal",{"id":113,"name":114,"slug":115},148,"Do Not Autopost","do-not-autopost",{"id":117,"name":118,"slug":119},320,"Inventory","inventory",{"id":121,"name":122,"slug":123},321,"Agent Value","agent-value",{"id":125,"name":126,"slug":127},322,"Affordability","affordability",{"id":129,"name":130,"slug":131},323,"Buying Tips","buying-tips",{"id":133,"name":134,"slug":135},324,"Downsize","downsize",{"id":137,"name":138,"slug":139},325,"Economy","economy",{"id":141,"name":142,"slug":143},326,"Equity","equity",{"id":145,"name":146,"slug":147},327,"Forecasts","forecasts",{"id":149,"name":150,"slug":151},328,"Selling Tips","selling-tips",{"id":153,"name":154,"slug":155},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":157,"name":158,"slug":159},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]